CT Green Real Estate

Empowering you to make Smart Decisions

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Benefits of Financing a New Construction Home

New construction homes can be quite attractive to a lender as they are a pretty safe bet.  For a buyer, this can result in a smooth financing process and a high percentage chance that your loan will close. This is especially comforting in a climate where financing a home can be quite rigorous.  Sometimes the builder will offer financing directly to the purchaser that can make the process of obtaining the loan even easier.

A new home has just obtained permits during the building process and has to show the town that it complies with the building code in order to obtain a Certificate of Occupancy. In fact because homes are regulated and monitored by the town while being constructed, you can avoid some additional inspections that might be ordered for older homes i.e. for the septic. When an older home is inspected some of the results may raise a red flag with the bank, i.e. mold or asbestos.  While these things can be remedied, health concerns can make loan processing that much more complex.
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Get a C.L.U.E Insurance Report

The CLUE report is important to both sellers and buyers in the real estate transaction.  Getting a report is advisable for both parties as part of due diligence for a sale.  This is a repost of Robert Reade, Vice President of Sales, William Raveis Insurance from the blog at raveis.com.

This is a recap and follow up to a post that I wrote several years ago on the often-overlooked insurance process involved in a real estate home purchase.  Performing office meetings at real estate offices and speaking to mortgage brokers on a multiple state basis, I find it is an appropriate article to begin the first of many articles William Raveis Insurance shall provide to increase awareness of the insurance side of the real estate and mortgage business. Property insurance is required if there is any mortgage, or, in the case of a lease, any landlord requirement.  This post speaks to what has become a little known fundamental step in the insuring process that every insurance agent and every insurance carrier performs.  Please spend a moment to review the article, digest it and provide me your thoughts, ideas and concerns or if you have found out that claims do impact home insurability the hard way. Continue reading

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Reselling To the 55+ Buyer

When making a purchase or renovations to your home, it is important to not only think about how it meets your needs but also how it is going to be perceived by future buyers.  If you are not planning to move in the foreseeable future it may be hard to think like this, but someday it will be of utmost importance. One set of buyers to consider is baby boomers because there are a lot of retirees that are starting to downsize. This market is especially attractive in Fairfield County because this demographic does not have a sizeable number of options. If your home has the bones to suit the 55+ crowd, you may want to consider their needs when making renovations.

The most obvious choice for the 55+ buyer is the ranch style home as it has no steps however there are other factors to consider. According to Jane O’Connor, the publisher of Mature Living Choices Magazine, “Many people are trading older houses for new homes that offer energy efficiency, great rooms and open floor plans.” Let’s explore this and other features that will appeal to this target market. Continue reading

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3 Easy Things To Prepare Your Home For Sale

When getting ready to list your home for sale, here are three of my favorite inexpensive fixes that I recommend to my clients in Fairfield County:

1. Painting walls in pale neutral colors.  Freshly painted walls erase years of wear from any room. While you may personally prefer rich or bright colors, potential buyers may not. Beyond ensuring that rooms look as big, bright and airy as possible, you want potential buyers to picture spaces where their furnishings will fit in without redecorating. Pale beige or grey rooms work with furnishings of all colors, and wind up appealing to the greatest number of potential buyers. Continue reading